How Bad Credit Affects Hiring
When you apply for a job, there are many factors that can affect your success in getting it, like skills, presentation, qualifications, education, experience, references or credit. It is true that credit checks can affect your chances of getting a job. So, below is some information on how a credit history affects your job prospects.
A bad credit builds up when you do not pay your bills. This will adversely affect your credit history and demean your profile in the eyes of the recruiter when they look through your credit history. People between jobs can get affected by bad credit history. This happens when their savings are less and they are unable to sustain themselves during the "between" period.
You should know that when you apply for a job, you would most likely be subjected to a credit check. Usually, employers have this credit check because they want to see how the applicant dealt with past responsibilities. Credit check also helps them to have an overview look on the applicant's job performance and how responsible they are.
Therefore, it is better to know this before applying for a job and be prepared for what the employer might see from one or more reporting agencies. In order to be responsible, you have to assume your credit, to analyze your score, to analyze different details, to report errors or outdated information. By doing this, you will be prepared, and you will know what to expect when the employer performs a credit check.
Few applicants know that they are signing a credit check in the pre-employment screening. So, if you don't read carefully, the employer could check your credit without your consent. Be careful what you are signing and ask for the relevance of a credit check with respect to the position you are applying.
It is true that there is nothing you can do to hide these mistakes, but you can take responsibility for them because it is the professional and mature thing to do. You can also try to make these errors and mistakes to look less negative and explain to the employer that you have changed since those mistakes, tell him that you are more responsible and you have more experience on how to deal with your finances and how to pay your bills.
Many applicants are nervous when the employer checks their credit, but you have to know that depending on the job, there are employers who give some slack on minor problems in the candidate's past. Employers are human too and they know that everyone makes mistakes; that does not necessarily mean that the applicant is not responsible or is not viable for a job.
It is true that there is nothing you can do to hide these mistakes, but you can take responsibility for them because it is the professional and mature thing to do. You can also try to make these errors and mistakes to look less negative and explain to the employer that you have changed since those mistakes, tell them that you are more responsible and you have more experience on how to deal with your finances, and how to pay your bills.
You have to know that it is not only important to understand that not paying your bills in the past was a mistake, but the most important thing is that you have to be more responsible in the future and you have to avoid these tricky situations. Keep a close eye on your credit, what factors can affect it and how you can improve it, not only on a short, but also on a long-term basis.
Most hiring managers ask for a pre-employment screening, no matter what the job you are applying for. This screening also involves a credit check so the best thing is to read carefully before agreeing with something. If you have a bad credit history, it is important not to panic, but to explain to the employer that you have changed since then and that you are more responsible now.